The geographical distribution of resources such as skilled labor has little effect on firm location decisions
Indicate whether the statement is true or false
FALSE
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Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
In which of the periods below was the inflation-adjusted deficit largest?
A. The 1980s B. The 1950s C. The 1960s D. In 2009-2011
From the perspective of classical macroeconomic theory, if aggregate spending was temporarily less than output:
A. Product price would increase, but resource prices would decrease B. Product price would decrease, but resource prices would increase C. Product and resource prices would decrease, so that aggregate spending would rise, expanding output D. Product and resource prices would increase, so that aggregate spending would equal output
Using Figure 48.1, modeling the attacks of September 11, 2001, you would show the impact of higher oil prices by using
A. Panel 2 only with a shift from ASB to ASA. B. Panel 1 only with a shift from ADA to ADB. C. Panel 1 only with a shift from ADB to ADA. D. Panel 1 to model the aggregate demand shock (ADB to ADA) and Panel 2 to model the aggregate supply shock (ASB to ASA).